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Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.
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Sales of both existing and new homes fell in April, according to two separate reports, as the nation’s home supply continues tightening.
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The American Trucking Associations’ advanced seasonally adjusted For-Hire-Truck Tonnage Index slid 2.5% in April, marking the third straight month of declines.
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A surge seen early this year in the nation’s manufacturing sector continued to lose steam this month, hitting an eight-month low.
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The value of freight moved between the U.S. and its next door neighbor countries has spiked as all five major transportation modes carried more cargo in March compared to the year before, according to new Transportation Department figures.
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Industrial production in the U.S. rose in April more than expected and by the fastest rate in more than three years, according to a new report issued Tuesday. Meanwhile, separate reports show e-commerce continues to boom but the building of new homes fell for the second straight month.
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Following a three-year high in the previous month, April’s volume grew slower, according to the latest release of ACT Research’s For-Hire Trucking Index.
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Retail sales in the U.S. bounced back in April after falling the month before as two readings of inflation also rebounded, all raising the prospect that the Federal Reserve will increase interest rates again in June.
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GDP doesn't always tell the whole story of trucking's economic climate. That's why MacKay & Company developed its proprietary measure, Truckable Economic Activity, reflecting the portion of the GDP that spends its time in trucks.
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After setting a new record high, a monthly gauge of freight moved by the nation’s for-hire transportation industry retreated, according to new Transportation Department figures.
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